United Arab Emirates: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in the United Arab Emirates

The industrial roundwood market in the United Arab Emirates surged to $X in 2022, increasing by 81% against the previous year. In general, consumption, however, saw a pronounced reduction. Industrial roundwood consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood Production in the United Arab Emirates

In value terms, industrial roundwood production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 856,688,100%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Industrial Roundwood Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of industrial roundwood decreased by -12.9% to X cubic meters, falling for the fourth consecutive year after two years of growth. In general, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 154%. The exports peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, industrial roundwood exports dropped markedly to $X in 2022. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by 184%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X cubic meters) was the main destination for industrial roundwood exports from the United Arab Emirates, accounting for a 83% share of total exports. Moreover, industrial roundwood exports to India exceeded the volume sent to the second major destination, Australia (X cubic meters), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +1.0%.

In value terms, India ($X) remains the key foreign market for industrial roundwood exports from the United Arab Emirates, comprising 76% of total exports. The second position in the ranking was taken by Australia ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India was relatively modest.

Export Prices by Country

The average industrial roundwood export price stood at $X per cubic meter in 2022, waning by -4.6% against the previous year. In general, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per cubic meter), while the average price for exports to India totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (-0.3%), while the prices for the other major destinations experienced a decline.

Industrial Roundwood Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of industrial roundwood increased by 46% to X cubic meters, rising for the fourth year in a row after three years of decline. Over the period under review, imports, however, recorded a noticeable reduction. Imports peaked at X cubic meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial roundwood imports surged to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest industrial roundwood supplier to the United Arab Emirates, with a 34% share of total imports. Moreover, industrial roundwood imports from the United States exceeded the figures recorded by the second-largest supplier, South Africa (X cubic meters), twofold. The third position in this ranking was held by India (X cubic meters), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+72.5% per year) and India (+14.8% per year).

In value terms, the United States ($X), South Africa ($X) and India ($X) were the largest industrial roundwood suppliers to the United Arab Emirates, with a combined 47% share of total imports. Poland, the Netherlands, Slovakia, Suriname and Germany lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Slovakia, with a CAGR of +819.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, with an increase of 12% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood import price increased by +53.0% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 38%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for the United States ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+64.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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